TRI Pointe Group (TPH) Announces $250 Million Stock Repurchase Program

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Go back to TRI Pointe Group (TPH) Announces $250 Million Stock Repurchase Program

TRI Pointe Group, Inc. Announces $250 Million Stock Repurchase Program

November 11, 2020 6:00 AM EST

IRVINE, Calif., Nov. 11, 2020 (GLOBE NEWSWIRE) -- TRI Pointe Group, Inc. (the Company) (NYSE: TPH) today announced that its Board of Directors has approved a new stock repurchase program authorizing the repurchase of up to $250 million of Company common stock through December 31, 2021 (the Repurchase Program). As of November 11, 2020, the Company had completed its prior stock repurchase program that was authorized earlier this year, pursuant to which the Company purchased an aggregate of 12,339,254 shares of common stock for approximately $200 million.

Under the Repurchase Program, the Company may repurchase shares of its... More